
Tesla Refutes Rumored Price Cuts in Chinese Mainland Market
Tesla's Model 3 and Model Y in the Chinese mainland market are rumored to see a price reduction this Saturday.
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Tesla's Model 3 and Model Y in the Chinese mainland market are rumored to see a price reduction this Saturday.

Luo Baojun, general manager of Xiaomi's Beijing-Tianjin Branch, said that the technology firm's first prototype car will be unveiled in the third quarter of this year.

News emerged on August 26 that Xiaomi is negotiating with BAIC Group to jointly produce electric vehicles due to the delay in obtaining the license to produce cars on its own. However, BAIC responded that it has not received anything specific just yet.

Zhao Changjiang, director of the sales department at Denza, a joint venture between BYD and the Mercedes-Benz Group, exposed some information of the luxury electric car brand's high-end MPV on Monday.

The navigation guided pilot (NGP) function of Chinese EV maker XPeng has been opened to its P5 and other models. However, one XPeng P5 owner recently experienced several failures in NGP functionality while driving on the highway.

On February 17, Geely’s electric automobile brand Zeekr denied recent accusations of sales fraud on social media. The Chinese company has already filed for a U.S. initial public offering.

On Tuesday, Wang Weibao, the head of Jidu Auto's intelligent driving division since August, said that their SIMU Car (simulated prototype car) is now under dynamic testing.

Reports that a former Apple employee pleaded guilty to charges of stealing trade secrets prior to joining Chinese automotive firm XPeng sparked widespread discussion on August 23. The EV maker denied its connection with the case on the same day.

Chinese new energy vehicle firm NIO introduced a major OTA upgrade of its Banyan system to ET7 vehicle owners on August 18. The new version, which is named Banyan 1.1.0, features more than 60 functions that have been added or optimized.

The brand name MONA, an acronym for "Made Of New AI" represents XPeng's vision of the upcoming decade being dominated by advancements in AI.

A Weibo blogger revealed an internal note issued by Chinese EV maker NIO showing that an administrator of a cluster server surnamed Zhang had used the company's servers to illegally mine the digital currency Ethereum.

Zhang Jianyong, NIO's Associate Vice President (AVP) of autonomous driving, will leave in the near future after working at the firm for seven years.